Haydale Graphene Industries (LON:HAYD) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Haydale Graphene Industries plc (LON:HAYD)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 0.28 and traded as high as GBX 0.30. Haydale Graphene Industries shares last traded at GBX 0.28, with a volume of 21,691,945 shares trading hands.

Haydale Graphene Industries Stock Down 4.6%

The company’s 50-day moving average price is GBX 0.28 and its 200 day moving average price is GBX 0.32. The company has a debt-to-equity ratio of 8.65, a quick ratio of 1.10 and a current ratio of 1.88. The stock has a market cap of £24.10 million, a PE ratio of -0.94 and a beta of 2.28.

Haydale Graphene Industries (LON:HAYD) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. Haydale Graphene Industries had a negative return on equity of 85.45% and a negative net margin of 432.48%.The business had revenue of GBX 225 million during the quarter. As a group, analysts forecast that Haydale Graphene Industries plc will post -0.2 EPS for the current fiscal year.

About Haydale Graphene Industries

Haydale is a global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies. With expertise in graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver improvements in electrical, thermal and mechanical properties. Haydale has been granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.